dow dropping 250 pts 1 min after opening

Originally posted by minniesoda
I have a very small amount of money in my bank, $1300. should I go get it out now? I live from paycheck to paycheck and am just worried about buying food for my family....

what bank

also if you live pay check to pay check , the FDIC insurance may not re-imburse as fast as you need

[edit on 6-10-2008 by cpdaman]

Originally posted by Benevolent Heretic
I hope no one was fooled into thinking that the "bailout" or "rescue" plan recently passed is going to save the stock market...

For the next few weeks - months, this is going to be a volatile time for the economy. There will be a recession/depression. These dips in the dow are nothing compared to what we're going to see...

I think there are people that thought the bailout would immediately save the economy. Our reps pretty much put it on the same level as the second coming of christ, we were saved if it passed and doomed if it didnt. The bailout will do nothing but add to our huge national debt.

Originally posted by jefwane
The VIX (CBOE volatillity measure) spiked above 50. And for whoever was asking Nasdaq and S&P 500 are both down harder than the DOW percentage wise. The Nas has already breached 2000 and kept going past few weeks and the S&P is around 60 points above 1000.

Now if the S&P touched 1000 this week that would be something.

The S&P is now down to 1049 - you say if it touched 1000 this week that would be something but can you elaborate on that for me please as I have no idea what that would lead to/mean. Many thanks.

[edit on 6-10-2008 by Maya00a]

american heritage national bank........

Oh look at it burn. Let's all gather around it to warm ourselves up since that's the only useful thing it'll ever have.

Jesus, it's almost 400 points now... FFS

Good-bye economy.

go buy food and gold right now everyone.

What would happen if America was attacked when the markets were down just like now? would they holt trading?? How far can the Dow fall??

Seems somebody forgot to pack the parachute . . . down more than 400 and closing in on 9900.

Wow.

I can now officially plan my retirement for 2053.

I'll be 97.

My guess is anywhere near 9400-9500, they would halt trading.

S&P TSX down over 780..... we're winning the race for today....
Looks like your fire down there is burning us bad....

now it just dropped under 10 000 as well

[edit on 6-10-2008 by airteck]

Can we watch all the people on the floor running around like mad people going nuts ?? do they have a web cast ? any one know a site?

Can some one explain why Gold and silver are at an all time low?

Called market manipulation, that's why commodity prices are so low.

9899....

awww #

"Down, down, down,.....and the flames went higher. and it burns, burns, burns....".
Watching the Dow I can't get that song out of my head. Hope things settle down soon.
over 400 points now.... will it match last Monday's drop?

I don't think I would bet on Gold either.

Today is the precursor to the huge collapse tomorrow, put on your hard hats and choke the chicken as the bombs fall.

closing in on 500 points now.

uh oh.... freefall time.

reply to post by iggster


I like that song.